News.

Incorporation Of Subsidiary

BackSep 25, 2003

The Board of Directors of Venture Corporation Limited (the "Company") wishes to announce that the Company has incorporated Shanghai Waigaoqiao Venture Electronics Co., Ltd ("Venture WGQ"), a company incorporated in People's Republic of China with a registered and paid-up capital of US$250,000.

Venture WGQ is a wholly owned subsidiary of Cebelian Holdings Pte Ltd which itself is wholly owned by the Company.

The intended activities of Venture WGQ are to engage in the trading and manufacturing of electronic and computer-related products, and the provision of engineering, customization, logistics and repair services.

The incorporation of Venture WGQ will have no material impact on the financial position of the Group for the current financial year.

None of the Directors or substantial shareholders of the Company has any direct or indirect interest in the above transaction.



By Order of the Board